Food and Agriculture Organization’s (FAO) index shows a decline in meat prices

The FAO Meat Price Index dropped 1.1 percent less than its revised value for September. However, quotations for most types of meat are still at historic highs and the Index stands 11.5 percent above its 2013 levels, principally because of strong bovine meat prices. In October 2014, the quotations of bovine meat and, especially, pig meat moved lower, while those of poultry and ovine meat were, respectively, stable and slightly stronger.  Pig meat prices have shown signs of weakness since July, as production recovered in some of the countries affected by outbreaks of porcine endemic diarrhea (PED) – reducing import demand and increasing availability for export.